Military spending could be highest since height of Korean War
HERE ARE THE stark numbers. The original defense budget for fiscal year 2004 was $400 billion. Bush’s supplemental request for Iraq and Afghanistan, which he announced last Sunday on television, is $87 billion, for a total of $487 billion. Let’s be conservative and deduct the $21 billion of the supplemental that’s earmarked for civil reconstruction (even though the Defense Department is running the reconstruction). That leaves $466 billion.
By comparison, in constant 2004 dollars (adjusted for inflation), the U.S. defense budget in 1985, the peak of the Cold War and Ronald Reagan’s rearmament, totaled $453 billion. That was $12 billion to $33 billion less than this year’s budget (depending on whether you count reconstruction). In 1968, at the peak of the Vietnam War, the budget amounted to $428 billion. That’s $38 billion to $59 billion below Bush’s request for this year.
You have to go back more than 50 years, when 50,000 Americans were dying in the big muddy of Korea, to find a president spending more money on the military — and even that year’s budget, $497 billion in constant dollars, wasn’t a lot more than what Bush is asking today.
These are parlous times, but are they that parlous? Do we really need to be spending quite so much money on the military?
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